FINANCED
Lev Capital Arranges $14.55M Bridge Loan For Mixed-Use Properties In Midtown And Upper East Side
117 West 57th Street & 128 East 86th Street
Mixed-use
Financed 1 year ago
Summary
Loan
NEW YORK
Mixed-use
Two mixed-use properties in Midtown and the Upper East Side were involved in a recent transaction. The properties are located at 117 West 57th Street and 128 E. 86th Street. The deal was closed on 11/05/2021.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $14,550,000
- Market: Midtown & Upper East Side
The lender for this transaction was Ladder Capital, providing a bridge loan. The loan amount was $14,550,000, with a 2-year term and a 70% Loan-to-Value (LTV) non-recourse. The interest rate for the loan was 5.25%.
The landlords involved in this deal were Steven Kachanian from @KlosedProperties and Igal Namdar from @NamdarLLC. The brokers representing the transaction were Yaakov Zar, Ofir Shalom, and Ellene Bricolas from Lev Capital.
For more information about the deal or if you're looking for competitive CRE financing in NYC, you can contact Ofir at [email protected], according to a note from Lev Capital.
Players
All
5
Agents
3
Agencies
1
Lenders
1
Details
FINANCED
IMAGE: Ellene Bricolas, Steven Kachanian, Yaakov Zar, Igal Namdar & Ofir Shalom
DATE: 11/05/2021
ADDRESS: 117 West 57th Street & 128 E. 86th Street
MARKET: Midtown & Upper East Side
ASSET TYPE: Mixed-use
LENDER: Ladder Capital
LANDLORD: @KlosedProperties- Steven Kachanian & @NamdarLLC - Igal Namdar
BROKERS: Yaakov Zar (@YJZar), Ofir Shalom & Ellene Bricolas (@EBricolas) - Lev Capital (@LevCapital)
LOAN AMOUNT: $14,550,000
LOAN TYPE: Bridge loan
LOAN TERMS: 5.25% rate, 2 year term, 70% LTV non-recourse
NOTE FROM @LevCapital: Lev is the fastest growing, tech-focused CRE brokerage. If you're interested in learning more about the deal or looking for competitive CRE financing in NYC please contact Ofir at [email protected].View on map
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Address117 West 57th Street & 128 East 86th Street
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